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Mar 31, 2023

PNM Resources Q1 2023 Earnings Report

PNM Resources reported first quarter 2023 results with GAAP earnings of $0.64 per diluted share and ongoing earnings of $0.55 per diluted share.

Key Takeaways

PNM Resources released its 2023 first quarter results, with GAAP earnings of $0.64 per diluted share and ongoing earnings of $0.55 per diluted share. Management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.

First quarter GAAP earnings of $0.64 per diluted share.

First quarter ongoing earnings of $0.55 per diluted share.

Affirmed ongoing earnings guidance range of $2.65 - $2.75 for 2023.

Amendment and extension of their merger agreement through July 20, 2023.

Total Revenue
$544M
Previous year: $444M
+22.5%
EPS
$0.55
Previous year: $0.5
+10.0%
Gross Profit
$187M
Previous year: $154M
+21.1%
Cash and Equivalents
$4.13M
Previous year: $4.39M
-5.9%
Total Assets
$9.35B
Previous year: $8.73B
+7.2%

PNM Resources

PNM Resources

Forward Guidance

Management affirmed its 2023 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share.